Latest Stock Market News

JSW Paints is poised to acquire Akzo Nobel India, valuing Akzo Nobel NV’s stake at approximately Rs 9,000 crore. This acquisition will position JSW Paints as a significant player in both the decorative and industrial paints sectors in India. The deal, expected to finalize by mid-June, involves an open offer for an additional 26% of the company s shares.

The IPO market is set to revive. Next week, Schloss Bangalore and Aegis Vopak Terminals, along with Prostar Info Systems and Scoda Tubes, will launch their IPOs. These companies plan to raise over Rs 6,600 crore. This follows a slowdown in IPOs this year, after a strong performance in 2024. Many companies are awaiting regulatory approval to launch their IPOs.

Investors hoped for trade war calm, but Donald Trump dashed those hopes. He threatened high tariffs on the European Union and smartphones. Equities dropped globally, and the dollar weakened. Business leaders now face ongoing uncertainty. Trump declared he is not seeking a deal with the EU. Treasury Secretary Scott Bessent mentioned potential deals with other nations like India.

Nifty is expected to consolidate, finding support around 24,500, with a potential upside towards 25,600 if it decisively breaks above 25,200. Technical analysts suggest that sectors like chemicals, capital goods, metals, real estate, and banking & financial services may show resilience. Stocks including HDFC Life, ICICI Bank, and Tata Chemicals are anticipated to exhibit bullish momentum for short-term trading.

NSE s listing plans hinge on resolving the financial relationship between the exchange and its clearing arm, NSE Clearing. SEBI has suggested NSE Clearing should become financially independent, potentially by directly collecting fees from brokers. This move aims to strengthen NSE Clearing s balance sheet and ensure its stability post-IPO, addressing concerns about its reliance on the parent company.

Leela Hotels, a luxury hospitality chain, is planning an initial public offering. The company aims to raise funds to repay its debt. The promoter group s stake will decrease after the IPO. Leela Hotels has shown revenue growth. The company operates several hotels and resorts under The Leela brand. They plan to launch new hotels by 2028.

Markets concluded the week cautiously amid global uncertainties, with investors awaiting key domestic developments. Several companies are in focus due to Q4 results: NTPC reported a 22% profit increase, JSW Steel saw a 16% rise, and Ashok Leyland s profit grew by 38%. Hyundai, NTPC Green, and Swiggy will join FTSE global equity indices.

Bank of India allocates ₹2,000 crore for IT in FY26. The investment aims to upgrade tech and boost cybersecurity. Digital initiatives will improve products and operations. MD Rajneesh Karnatak emphasizes transforming the bank into a tech-driven entity. Automation efforts saved 12,000 manhours. The bank added 5.2 million mobile banking customers, reaching a total of 9 million.

Global markets reacted positively after Donald Trump delayed European Union tariffs. Equity futures in the US and Europe increased, mirroring gains in Asian stocks. This decision followed a phone call with Ursula von der Leyen. The move provides a temporary reprieve in trade tensions. Investors are now awaiting the US personal consumption expenditures price index data.